Novo Nordisk and Pfizer escalate bidding war for US weight loss start-up
US judge declines to intervene in fray because process ‘is creating value for Metsera stockholders’
If an ex-chancellor pumps crypto and no one notices, does it make a noise?
Kwasi be stacking, no one be caring
US government heads to longest shutdown as Trump resists calls to talk
President under pressure to end stand-off that has put food supplies to millions of Americans at risk
Former UK chancellor Kwasi Kwarteng backs bitcoin investment company
Ex-politician infamous for 2022 mini-Budget will become non-executive director of Stack Bitcoin Treasury
The UK tax system is a mess — these are priorities for Reeves to reform
The list of inconsistencies goes on and on. Nobody should have designed such an absurdity
Things That Disappear by Jenny Erpenbeck — what was lost in the rubble of the Wall
The East Berlin-born International Booker winner goes beyond Ostalgie in this series of essays about modern German identity
Bill Frisell — the standout gig of this year’s London Jazz Festival
The guitarist will bring his mastery of melancholy, joy and menace to Cadogan Hall later this month
UK watchdog to give green light to share payouts for non-executives
FRC chief says move will let companies take ‘varied approaches to structuring remuneration’ for directors
Palantir shares drop as much as 10% after Michael Burry shorts stock
Hedge fund manager discloses $912mn short against tech group’s shares using derivatives
Ferrari’s winning streak ‘not at an end’, says CEO
Bullish comments come amid increasing uncertainty over EV models’ impact on luxury-car maker’s remarkable profit growth
Shein rocked by childlike sex doll scandal in France
Retailer pledges to co-operate with investigation into how it allowed products to be sold on its marketplace
Creative groups fail to secure UK legal precedent in Getty AI copyright case
US photo agency loses central plank in London lawsuit against Stability AI
Telefónica shares fall on dividend cut
Stock slides as chair and CEO Marc Murtra opts to prioritise investment over shareholder payouts
Tommy Robinson cleared of terror-related offence
UK judge says police stopped anti-immigration campaigner for ‘what you stood for and your beliefs’
BDO quit role supporting Singapore family office linked to scam empire
Two employees resigned as company secretaries to group accused of being part of international fraud last month
EU leaders to skip summit in Colombia after Trump sanctions
German chancellor, French president and European Commission chief cancel plans to attend regional meeting
Starbucks ducks for cover amid China’s coffee wars
Foreign companies can no longer rely on brand prestige alone in sectors in which Chinese rivals undercut prices
Gopichand Hinduja, Britain’s richest man, dies aged 85
Billionaire industrialist whose dynasty owns Hinduja Group died after a long illness
US elections test political mood towards Trump’s second term
Also in today’s newsletter, Lisa Cook makes first public remarks since the US president called for her resignation
‘Climate breakdown’: UN says world is heading for 2.8C temperature rise
Fractional improvement in projections will be partly negated by US withdrawal of plans to limit global warming
Patti Smith’s Bread of Angels — her personal story of her life and loves
The singer-songwriter wisely builds her memoir around her creative 1970s in New York — but other periods get weighed down in detail
ABF explores spinning off Primark fashion chain
FTSE 100 group formally examines splitting retail and food businesses after years of speculation
Gunvor warns of fuel shock as $22bn Lukoil deal prompts concern over Russia ties
Swiss trader’s audacious swoop on Russian group’s overseas assets revives industry speculation over Kremlin links
Post Office campaigner Bates settles compensation claim
Settlement comes decades after start of one of UK’s worst miscarriages of justice